ManateeGG: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ManateeGG
Largest movements
- Cash +€3,180
up €3,180 (+15.4%), from €20,631 to €23,811
mainly Net result for the year (+€4,606) and Trade debts (+€2,016)
- Receivables within one year +€2,372
up €2,372 (+106.0%), from €2,238 to €4,609
- Reserves +€4,606
up €4,606 (+240.6%), from €1,915 to €6,521
- Trade debts +€2,016
up €2,016 (+36.7%), from €5,496 to €7,511
- Tax, wage and social debts -€1,045
down €1,045 (-18.4%), from €5,669 to €4,624
- Depreciation -€2,279
no longer reported in 2025 (was €2,279)
- Gross operating margin +€1,298
up €1,298 (+17.9%), from €7,259 to €8,557
- Taxes +€618
up €618 (+30.6%), from €2,019 to €2,638
- Financial charges +€108
up €108 (+15.1%), from €715 to €823
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,123 | €28,744 | +€5,621 | +24.3% |
| Current assets | 29/58 | €23,123 | €28,744 | +€5,621 | +24.3% |
| Amounts receivable within one year | 40/41 | €2,238 | €4,609 | +€2,372 | +106.0% |
| Trade receivables | 40 | €2,238 | €4,609 | +€2,372 | +106.0% |
| Cash at bank and in hand | 54/58 | €20,631 | €23,811 | +€3,180 | +15.4% |
| Deferred charges and accrued income | 490/1 | €254 | €323 | +€69 | +27.1% |
| Total equity and liabilities | 10/49 | €23,123 | €28,744 | +€5,621 | +24.3% |
| Equity | 10/15 | €11,915 | €16,521 | +€4,606 | +38.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,915 | €6,521 | +€4,606 | +240.6% |
| Distributable reserves | 133 | €1,915 | €6,521 | +€4,606 | +240.6% |
| Amounts payable | 17/49 | €11,208 | €12,222 | +€1,015 | +9.1% |
| Amounts payable within one year | 42/48 | €11,208 | €12,222 | +€1,015 | +9.1% |
| Trade debts | 44 | €5,496 | €7,511 | +€2,016 | +36.7% |
| Suppliers | 440/4 | €5,496 | €7,511 | +€2,016 | +36.7% |
| Taxes, remuneration and social security | 45 | €5,669 | €4,624 | -€1,045 | -18.4% |
| Taxes | 450/3 | €5,669 | €4,624 | -€1,045 | -18.4% |
| Other amounts payable | 47/48 | €44 | €87 | +€44 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,279 | - | -€2,279 | |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,259 | €8,557 | +€1,298 | +17.9% |
| Operating profit (loss) | 9901 | €4,467 | €8,029 | +€3,562 | +79.7% |
| Financial income | 75/76B | €16 | €38 | +€21 | +128.9% |
| Recurring financial income | 75 | €16 | €38 | +€21 | +128.9% |
| Financial charges | 65/66B | €715 | €823 | +€108 | +15.1% |
| Recurring financial charges | 65 | €715 | €823 | +€108 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €3,769 | €7,244 | +€3,475 | +92.2% |
| Income taxes | 67/77 | €2,019 | €2,638 | +€618 | +30.6% |
| Profit (loss) for the period | 9904 | €1,749 | €4,606 | +€2,857 | +163.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,749 | €4,606 | +€2,857 | +163.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.